Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Housing Pressures, Rate Decisions, and Toronto Condo Market Insights
The episode begins with an introduction and sponsor mention, diving into the critical issue of housing affordability and market pressures. A detailed look at the Bank of Canada's interest rate decisions follows, accompanied by discussions on financial strain and speculations about potential rate cuts. The Toronto condo market is updated, highlighting recent trends, while Canadian rental market dynamics are explored. A sponsor message from Bloom Finance is shared before discussing recent executive moves in the mortgage industry. The episode concludes with closing remarks and a sponsor reminder.
Key Points
- Canada needs to double its annual housing construction to between 430,000 and 480,000 units over the next decade to regain 2019 affordability levels, according to CMHC.
- The Bank of Canada has held its overnight lending rate steady at 2.75%, citing high uncertainty and inflation pressures, despite calls from the real estate sector for further cuts to stimulate the market.
- Bloom Finance has launched Canada's first lifetime fixed-rate reverse mortgage, offering stability for retirees, though with significant penalties for early repayment under certain conditions.
Chapters
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| 0:43 | |
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| 6:37 | |
| 9:31 | |
| 12:57 | |
| 15:40 | |
| 18:22 |
Transcript
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